85-081&082
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RESOLUTION NO. 81-85 and 82-85
RESOLUTION ADOPTING ASSESSMENT
WHEREAS, pursuant to Waiver of Notice of Hearing, the City
Council has met and heard and passed upon all the objections of the
proposed assessment for the Waterford Improvement;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the
City of Shorewood, Minnesota:
1. That such proposed assessment, a copy of which is
attached hereto and made a part hereo~,is hereby accepted and shall
constitute the special assessment against the lands named therein and
each tract of land therein included is hereby found to be benefitted
by the proposed improvement in the amount of the assessment levied
against it.
2. That such assessment shall be payable in equal
installments extending over a period of fifteen (15) years. The
assessment shall bear interest at the rate of 11.25% per annum. To
the first installment shall be added inte.r:est on the entire assessment
from October 1, 1985. Each subsequent installment when due shall be
added interest for one year on all unpaid installments.
3. The owner of any property so assessed may at any time
prior to certification of the assessment to the County Auditor pay in
whole the assessment on such property with interest accrued to the
date of payment to the City Treasurer, except no interest shall be
charged if the entire assessment is paid prior to November 15, 1985.
4. The Clerk shall forthwith transmit a certified duplicate
of this assessment to the County Auditor to be extended on the
property tax list of the County and such assessments shall be collected
and paid over in the same manner as other municipal taxes.
ADOPTED BY THE CITY COUNCIL this 7th day of October, 1985.
Mayor
City Clerk